Somalia Geography, Politics, and Culture

Situated in the Horn of Africa, Somalia is a former British protectorate and an Italian colony bordered by Ethiopia to its west and the Somali sea to its east. The country, unfortunately, collapsed into political instability following the overthrow of the military regime of President Siad Barre in 1991. Since then, numerous wars have been fought to gain control of the region but are currently moving slowly towards stability with the help of an internationally-backed government.

Somalia has the longest coastline on the African mainland, including several islands and archipelagos along its coast. Most of its land is considered semi-arid and very little of it is arable. It does have a wide variety of wildlife including cheetah, lion, reticulated giraffe, baboon, elephant, bushpig, gazelle, ibex, kudu, dik-dik, oribi, Somali wild ass, reedbuck and Grévy’s zebra, elephant shrew, rock hyrax, golden mole, and antelope. It also has a large population of the dromedary camel.

Somali and Arabic are the official languages, although English is widely spoken, as well as taught in schools. Almost all of its population considers themselves Muslim and all food is served halal.

2021
May 1May Day
May 13Eid al-Fitr
July 20Eid al-Adha
October 19The Prophet’s Birthday
  • Limited Liability
  • Corporation
  • Partnership
  • Corporate Tax: N/A
  • Income Tax (Lowest Marginal Rate): N/A
  • Income Tax (Highest Marginal Rate): N/A
  • VAT/GST/Sales Tax: N/A
  • Amal Bank
  • Amana Bank
  • Agro Africa Bank
  • Bushra Business Bank
  • Commercial and Savings Bank of Somalia
  • Dara-Salaam Bank
  • Dahabshiil Bank International
  • Daryeel Bank Limited
  • First Somali Bank
  • Galaxy International Bank
  • International Bank of Somalia
  • Idman Community Bank
  • My Bank Limited
  • Premier Bank
  • SomBank
  • Salaam Somali Bank
  • Somali Development Bank
  • Trust African Bank

Aadmi can support you with your expansion to Somalia. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

December 01, 2023
Brazil offers many business opportunities as one of the world’s largest economies. However, its intricate regulatory framework and tax system can be challenging for d...
November 21, 2023
In the complex landscape of the business world, company directors play a pivotal role in ensuring the success and longevity of their organizations. They are entrusted with ...
November 14, 2023
With its rich cultural heritage, stunning landscapes, and growing economy, Portugal has become an attractive destination for businesses seeking to expand their operations i...
November 07, 2023
New Zealand is known not only for its breathtaking landscapes but also for its well-established business environment. Whether you are a local entrepreneur or an internation...
Not found